StockNews.com Begins Coverage on Siebert Financial (NASDAQ:SIEB)

StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research note published on Tuesday morning. The firm issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of Siebert Financial stock opened at $3.07 on Tuesday. The firm has a market cap of $123.17 million, a PE ratio of 11.81 and a beta of 0.32. The stock has a 50 day moving average of $2.99 and a 200 day moving average of $2.38. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.34.

Siebert Financial (NASDAQ:SIEB) last posted its earnings results on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share for the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%. The firm had revenue of $22.56 million during the quarter.

Hedge Funds Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC lifted its holdings in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the quarter. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. 1.52% of the stock is currently owned by institutional investors.

About Siebert Financial

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.